Robert & Mary Jane Hekemian Foundation Inc
- Assets
- $4.7m
- Revenue
- $456.2k
- Investments
- $4.6m
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 02/1991
- Data as of
- 08/2023
- EIN
- 22-3087695
Organization Overview
Robert & Mary Jane Hekemian Foundation Inc is located in Hackensack, NJ. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert & Mary Jane Hekemian Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Robert & Mary Jane Hekemian Foundation Inc generated $456.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $437.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert & Mary Jane Hekemian Foundation Inc has awarded 94 individual grants totaling $1,773,459. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Hekemian President | 0 | $0 | |
David Hekemian Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $369,981 |
| Capital Gain Net Income | $369,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,707 |
| Total Revenue | $456,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $17,072 |
| Contributions, gifts, grants paid | $420,000 |
| Total expenses and disbursements | $437,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,811 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $582,124 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,738,250 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Robert & Mary Jane Hekemian Foundation Inc has awarded $420,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HACKENSACK UNIV MEDICAL CTR FDTN PURPOSE: HEALTH CARE | $52,000 |
CHURCH OF THE RISEN KING PURPOSE: BRIDGING POTENTIAL WITH OPPORTUNITIES | $155,000 |
BOY SCOUTS OF AMERICA PURPOSE: PROMOTE THROUGH COMMUNITY ORGANIZATIONS, AND COOPERATION WITH OTHER AGENCIES, THE ABILITY OF BOYS TO DO THINGS FOR THEMSELVES AND OTHERS | $12,500 |
SISTERS OF CHARITY OF SAINT ELIZABETH PURPOSE: EDUCATION, HEALTH CARE, PASTORAL AND SOCIAL SERVICE MINISTRIES | $4,000 |
HUDSON FARM FOUNDATION PURPOSE: SUPPORTS QUALIFIED CHARITIES IN THE IMMEDIATE VICINITY OF HUDSON FARMS | $11,000 |
HACKENSACK MERIDIAN SCHOOL OF MEDICINE PURPOSE: EDUCATIONAL | $50,000 |